ET Wealth
Stock Analysis, IPO, Mutual Funds, Bonds & More

How to allocate money to mutual funds to make Rs 75 lakh in 15 years?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Dec 10, 2019, 03.10 PM IST
Getty Images
allocate money
I am 35 years old. I have a moderate risk profile. I want to make Rs 75 lakh in 15 years for my child’s education by investing Rs 13,000 per month. How should I allocate my funds to have maximum chance of reaching this target?
-- Kamalkant Singh

You should always allocate your resources based on your goals, investment horizon, and risk profile. Since you are investing for a long-term goal, you may consider investing in equity mutual funds. Equity investors with a moderate risk profile may consider investing in multi cap mutual funds. Here are our recommended multi cap mutual fund schemes: Best multi cap mutual funds to invest in 2019

Assuming an annual return of 12%, you can create a corpus of Rs 65.6 lakh in 15 years by investing Rs 13,000 per month. A warning: do not choose random figures to meet your long-term financial goals. Always work with real numbers, inflation, and taxes to calculate a realistic target and regular investments needed to create it.

Also Read

Why are value mutual funds underperforming?

Is my mutual fund portfolio diversified?


Is my mutual fund portfolio diversified?


Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service